The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-07-22
BALTIMORE & OHIO DEAL
HENRY 3. IVES AND g. W. STAY.
NER SUE ROBERT GARRETT.
II Will Do q Railroad Law Suit
That Will Become His
tOricsI.

NEW YoRK, July 2l.-The World to-
morrow will publish the following:
Henry 8. Ives and g. N. Stayner have
sued Robert Garrett. Yesterday they
commenced two actions in the su.
prems Court Of the State, and the
summons In each was served upon Mr..
Garrett last night at the Victoria Ho-
tel. One seton is for the specific per-
Torrance on the part OF Mr.. Garrett Of
. contract made between him and
Henry s. Ives and George Il. stayner
for the delivery to the last named at q
fixed sum controlling interest In the
stock Of the Baltimore and Ohio rail.
road, which carries with 1t matter be-
forehand, and ! am told that, acting
on his suggestion, arrangements had
practically been contaminated by
which the deal would have been
brought to successful conclusion to-
day or tomorrow.
Mr.. Carrots letter, published today,
was . complete surprise. II, % i am
told, Ives has concluded to fight, eau
predict, from my knc wlede OF all the
circumstances, that there will be q
railroad law suit that will become his.
torlcal, for Bob Garrett is a fighter,
too. His record shows that and he
will spare neither time nor money TO
carry his point. Ives now will prob.
ably not make any demand on Mr..
Garrett for the $500, 900 cash paid the
latter when the contract va, made or
FIR the $500, 900 col ateral put up by
him and Stay ner, as from the position
no seems to be taking he would natur.
ally consider that sale having
bean made to him, the money and
securities property belong to Mr.. Gar.
rett, and i do not believe he would
accept them II they vera rendered 10
him. I am told by those cloee to Mr..
Garrett that he has received overturet
direct from Jay Gould, and that may
be the explanation OF ais conduct In
taking this step to freezs Ives out &C
that ne can treat directly with the
Gould party"
A World reporter called on Mr.
Garrett tonight ut the Victori.
Hotel and asked about the suits b,
Ives and both the telegraph and ex
press companies. The other suit Il
Tor pscuniary damages for the break
ing Of this contract.
This action on the part OF Ives anc
Stayner was atsned on account o
Mr.. Garrett's contemplated departur,
Tor Europe tomorrow. The complaint
In the two suits will be drawn an,
served as soon % possible. Ex.Gov
Hoadly, Of Ohio, Is Ives and stayner'
counsel.
A gentleman who has been convers
ant with this matter from its incepti N
said last night 10 Q World reporter
"Mr. Garrett, i know, entered into
written contract with Ives and Stay
ner, by which he agreed TO deliver /
them q controlling interest In the Ra
timore and Ohio Company. This cor
tract was carefully drawn under tn
supervision Of lawyers representa-
all tbs parties to II, and wa
the subject Of numerous cor
ferences before il was gotte
into shape. II was not contract this
called for specific payment on q fire
date, for necessarily he carry log ou
OF such q scheme was subj Jet to man
incidental delays, contracts with othe
parties and the periecing OF arrapg,
ment with other linee, 80 as TO con
plete q powerful trunk line systeu
The conferences with Mr.. Garrett bay
all been very pleasant, and al the la
: one with him on Tuesday, l unde
: stand that, owing 10 some unfosse
. delays, Mr.. Garrett himself made
. proposition whereby he could :
abroad and still close the deal.
Mr.. staynsr declined 10 speak aboI
the IN liter.